Ecp Controlco, Llc Acquires 36,238 Shares of Shenandoah Telecommunications (NASDAQ:SHEN) Stock

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Controlco, Llc acquired 36,238 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were purchased at an average cost of $12.58 per share, with a total value of $455,874.04. Following the acquisition, the insider now owns 2,599,274 shares of the company's stock, valued at approximately $32,698,866.92. This represents a 1.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Ecp Controlco, Llc also recently made the following trade(s):

• On Tuesday, June 3rd, Ecp Controlco, Llc bought 26,623 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $12.85 per share, with a total value of $342,105.55.

Shenandoah Telecommunications Trading Up 1.2%

Shenandoah Telecommunications stock traded up $0.16 during trading hours on Friday, reaching $13.39. 70,153 shares of the company's stock traded hands, compared to its average volume of 250,160. The firm has a market capitalization of $734.64 million, a price-to-earnings ratio of 3.53 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.79 and a current ratio of 0.82. Shenandoah Telecommunications has a fifty-two week low of $9.77 and a fifty-two week high of $21.89. The firm's 50 day moving average is $12.28 and its 200-day moving average is $12.24.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.05). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The firm had revenue of $87.90 million during the quarter, compared to analyst estimates of $89.31 million. During the same period last year, the firm earned ($0.07) EPS. On average, analysts predict that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

SHEN has been the topic of a number of research analyst reports. BWS Financial reissued a "buy" rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Thursday, May 1st. Wall Street Zen raised shares of Shenandoah Telecommunications to a "sell" rating in a report on Thursday, May 8th.

Hedge Funds Weigh In On Shenandoah Telecommunications

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Shenandoah Telecommunications by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,716 shares of the utilities provider's stock worth $349,000 after buying an additional 1,061 shares during the period. Nebula Research & Development LLC increased its position in shares of Shenandoah Telecommunications by 5.5% during the fourth quarter. Nebula Research & Development LLC now owns 22,076 shares of the utilities provider's stock worth $278,000 after acquiring an additional 1,147 shares in the last quarter. PAX Financial Group LLC raised its holdings in shares of Shenandoah Telecommunications by 3.8% during the fourth quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider's stock worth $468,000 after acquiring an additional 1,353 shares during the period. Tower Research Capital LLC TRC lifted its position in Shenandoah Telecommunications by 11.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider's stock valued at $173,000 after acquiring an additional 1,380 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Shenandoah Telecommunications by 3.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 42,600 shares of the utilities provider's stock worth $535,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 61.96% of the company's stock.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.